K2 Enterprises Review of SAP Business One

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Randy Johnston Editor-In-Charge - Dr. Bob Spencer Editor-At-Large

Business One – SAP

http://www.sap.com

Category: General Accounting - Small to Medium Business

Best Fit

· 1 – 25 names users with general accounting needs

· Professional Services firms, healthcare or legal

· Distribution

· Light Manufacturing

Strengths

· SAP® Business One is an integrated solution targeted specifically toward small and midsize businesses.

· Includes a strong Excel-like budgeting and reporting tool XP Reporter.

· Fully integrated modules work well with Microsoft Office Suite.

· Integration with included CRM application to streamline sales and reduce time-to-close.

Brief Product Description and Pricing

· In March 2002, SAP purchased TopManage Financial Systems, an Israel-based developer of business applications and branded their system as SAP Business One. TopManage was founded by Shai Agassi, who was formally president of the Product and Technology Group at SAP and his father Reovan – the team behind portal company TopTier, which SAP bought in March 2001. The acquisition allowed SAP to reach out to the midmarket through its partners and also to gain additional business from the smaller subsidiaries of its enterprise customers.

In December 2004, SAP acquired the technology and assets of iLytix Systems AS, a privately held software company based in Oslo, Norway. As a result, SAP introduced new reporting and budgeting capabilities in SAP Business One called XP Reporter. In July 2006, SAP acquired Praxis Software Solutions and plans to integrate the company's Web-based CRM and e-commerce capabilities into SAP Business One. Financial terms of the deal weren't disclosed. Minneapolis-based Praxis, a private software company, had previously been a SAP Business One partner.

· Priced at roughly $3750 per user license, Business One includes GL, AR, AP, CRM: Sales Opportunities and Service Management, Inventory, Banking, and Human Resources. Starting at approximately $11,000, SAP reports that Business One can be implemented in as little as four weeks. Discounts begin at the 6 user level.

Technical Specifications

· Windows XP, Vista

Integration with Accounting and Ease of Setup

· SAP Business One is a fully integrated solution. Forth Shift, an nationally recognized manufacturing solution, also has a seamless integration to SAP Business One.

· The product is advanced enough to require a licensed and trained implementer with a solid understanding of the industry in which the product is to be used.

· Depending on the complexity of the business and how prepared it is to implement, implementation can be from 3 days to four months.

Representative Client List (if available)

· Going International (GI) – Medical Training publications for healthcare community

· Milwaukee Health Services – Services for un or underinsured populations

· Transelectric – Distributor of electronic parts

· CoreLogic, Inc. – Provider of web based valuation models, heavy user of CRM module

· More case studies of SAP Business One users

Company History and Contact Information

· Founded in 1972, German SAP has a rich history of innovation and growth that has made the company a true industry leader. SAP currently employs more than 43,800 people in more than 50 countries worldwide. SAP is listed on several exchanges, including the Frankfurt Stock Exchange and NYSE under the symbol "SAP."

· SAP Business One is sold and installed by a network of resellers across North America. You may contact SAP electronically. Contact the Regional US SAP Headquarters or a location near you to find an authorized dealer near you.

SAP America Inc.

Strategic Planning & Support Office

3999 West Chester Pike

Newtown Square, PA 19073

Phone: +1-610-661-1000

Commentary (The following is provided by the Editor with notes and comments from others.)

CONTINUING PROFESSIONAL EDUCATION FOR ACCOUNTING AND FINANCIAL PROFESSIONALS

The information provided herein is not warranted in any way and is subject to change without notice.

We recommend that you confirm information contained herein with the appropriate manufacturer or reseller.

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